EIDP, Inc. (DD) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13
Revenues	15,655	14,217	13,846	14,287	23,209	23,657	28,406	28,998
Revenue growth	10.1%	2.7%	-3.1%		-1.9%	-16.7%	-2.0%	-17.9%
Cost of goods sold	9,220	8,507	8,575	9,948	14,604	15,025	17,668	18,864
Gross profit	6,435	5,710	5,271	4,339	8,605	8,632	10,738	10,134
Gross margin	41.1%	40.2%	38.1%	30.4%	37.1%	36.5%	37.8%	34.9%
Selling, general and administrative	3,209	3,043	3,065	3,041	4,127	4,428	4,891	5,342
Research and development	1,187	1,142	1,147	1,355	1,496	1,735	1,958	2,037
EBITA	1,750	1,190	67	-1,905	4,138	2,831	5,953	3,260
EBITA margin	11.2%	8.4%	0.5%	-13.3%	17.8%	12.0%	21.0%	11.2%
Amortization of intangibles	722	682	475	391	319	362	363	323
EBIT	1,028	508	-408	-2,296	3,819	2,469	5,590	2,937
EBIT margin	6.6%	3.6%	-2.9%	-16.1%	16.5%	10.4%	19.7%	10.1%
Pre-tax income	2,346	675	-316	-6,806	2,723	2,022	4,313	2,566
Income taxes	524	-81	-46	-31	641	575	1,168	360
Tax rate	22.3%		14.6%	0.5%	23.5%	28.4%	27.1%	14.0%
Earnings from continuing ops	3,634	1,492	-288	-13,588	2,070	1,441	3,134	4,848
Earnings from discontinued ops	-53	-55	-671	1,748	443	512	491
Net income	3,581	1,437	-959	-11,840	2,513	1,953	3,625	4,848
Net margin	22.9%	10.1%	-6.9%	-82.9%	10.8%	8.3%	12.8%	16.7%

Diluted EPS	$4.90	$1.99	($0.38)	($18.13)	$2.36	$1.60	$3.40	$5.20
Shares outstanding (diluted)	742	751	750	749	877	900	922	933

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.